Changshu Tongrun Auto Accessory Co., Ltd. announced a placement of A shares for gross proceeds of not more than CNY 300,000,000 on April 8, 2023. The transaction will include participation from not more than 35 investors. The transaction has been approved at the twelfth meeting of the fifth session of the board of directors and still needs to be approved by 2022 annual general meeting of shareholders, Shanghai Stock Exchange and China Securities Regulatory Commission.

The board of directors' authorisation resolution is valid from the date of deliberation and approval at the company's 2022 annual general meeting of shareholders to the date of the company's 2023 annual general meeting of shareholders. The securities have a hold period of six months from the date of completion of the issuance but if the target of the issue falls under the circumstances stipulated in the second paragraph of Article 57 of the "Regulations for the Administration of Securities Issuance and Registration of Listed Companies", the stocks subscribed by cannot be transferred within eighteen months from the date of issue close.